Premium Bonds Again

Are houses really that cheap in Kent?

Posted under Uncategorized

Posted by Alec at 11:13 am, March 2, 2007

4 Comments so far

  1. Alec added on  March 2nd, 2007 at 11:16

    Interest rates are about 5% pa. House prices are rising at about 15% pa. He should have enough for a dolls house in 15 years.

  2. Alec added on  March 2nd, 2007 at 11:23

    Who says that your imaginary toddler’s going to invest the winnings in Premium Bonds? And interest rates most certainly DO apply to Premium Bonds – the prize ‘pot’ is calculated by applying the current interest rate to all current Premium Bonds. The total payout averages out at less interest than you’d get from a bank, but a FEW people earn much more.

  3. Alec added on  March 2nd, 2007 at 11:45

    Over £1000 worth of bonds in my immediate family, all held for around 40 years. £150 total winnings.

    If I’d put £1,000 in the bank in 1966 I’d have earned about £6,000 interest.

  4. Alec added on  March 2nd, 2007 at 12:19

    A small error – I’d have made £16,000 interest.

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